Term
Both a and b
-food purchases
-food inventory |
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Definition
| Which of the following are involved in figuring food cost? |
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Term
| the same as closing inventory of the previous period |
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Definition
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Term
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Definition
| Inventory in most foodservice operations is taken |
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Term
| closing inventory is counted, priced and totaled |
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Definition
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Term
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Definition
Given the following data, determine the food cost %:
opening inventory:3,890
total food available: 74,381
closing inventory: 2,996
sales: 233,479 |
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Term
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Definition
| If a chocolate eclair costs $.45 to produce and the menu selling price is $1.75, but the server sells it for $1, the actual food cost % is |
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Term
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Definition
Chocolate eclair costs $.45
menu selling price is $1.75
server sells it for $.75
What is the standard food cost %? |
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